Economics for people who do buiness

 Economics for Business Essay

London Guildhall College

ATHE Level 6 Diploma a manager

Unit Name: Economics for people who do buiness

Submitted simply by: B. Meters. Akhtaruzzaman

Birmingham Guildhall School

ATHE Level 6 Diploma in Management

Device Title: Economics for Business

Posted by: N. M. Akhtaruzzaman

Table of Contents


Task one particular -Understanding from the Micro-Economic Business Environment3

1 ) 1: The value of the Micro-Economic Environment to Business Organisations3

1 . two: An Evaluation of Business Objectives and Business Behaviour in the Economical Context4

1 . 3: A great Analysis of the Impact of Market Structures on Business Organisations7

Task 02 -Understanding of the Macro-Economic Environment inside the Domestic Circumstance of the Country8

2 . 1: An explanation in the determinants of national cash flow for the relevant country8

2 . 2: Evidence of government procedures on the economic system of that country8

2 . three or more: An evaluation of the effects of the macro- economic environment of business organisations9

Task goal -Understanding in the Implications for people who do buiness of With the International Economic Environment11

3. one particular: An analysis of the popular features of the intercontinental economic environment11

3. a couple of: An analysis of the economical implications for people who do buiness of within a global business environment11




Economics is a subject of is being operate in the broad range. Economics isn't just been in the family however in the business Organisations, Economies, government authorities as well. This cannot be separated from the people. It is a subject of deciding the success and effectiveness of allocating and utilising the resources. Therefore the knowledge of economics is much vital that you all of the organisations to get their decisions regarding the growth of them. Economics is more important not simply as subject but as inside our day to day activities too. Hence the information of economics for the managers is somewhat more important to operate the organisations successfully. In line with the assignments, this is going to be discussed regarding the understanding and knowledge concerning economics how can be utilised to set aside the organisational resources. This assignment is discussed the effect of the knowledge of economics towards the decision makings of the organisations. According to this the project has been comprised with two parts. In the first component it has been discussed regarding the importance of micro economics environment for the decision making uses of the managers. As the objective of the second part of the assignment, it is discussed about the importance of macro economic towards the decision making of the managers as well as its importance to the business actions. In the third part of the project is talking regarding the foreign context of the economics to the operations in the business. In accordance to that it has been discussed the operating the organisation in international economic environment because the organisations' activities can not be limited to the actual tertiary area and specific demographic location.

Task 1 -Understanding of the Micro-Economic Business Environment 1 . you: The Importance in the Micro-Economic Environment to Business Organisations The planet is more essential aspect to all with the parties on the globe. The environment which the people are been is highly damaged to the organisations existence within the business environment. The business environment is divided in to two parts in basically because macro economic environment as well as micro environment. The surroundings is the most critical factor that helps to the every one of the stakeholders to formulate their understanding of the enterprise (Harris, 2001: 03). The micro environment is taking the environmental elements separately and studying all their relationship while using economy. In respect to that the micro economic environmental elements are had with customer demand & supply, consumer satisfaction shortage,...

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